54EC
This query is : Resolved
19 June 2009
whether sec. 50C is applicable when the assessee wants to avail deduction u/s. 54EC. How he can invest more than what he has received on the sale proceed of asset.
19 June 2009
The Net Sales Consideration is to be invested.
Under Sec.50C, the stamp duty valuation is taken as Full Value of Consideration and not the Sales Consideration.
Under Sec.50C, the stamp duty valuation is taken as Full Value of Consideration and not the Sales Consideration.
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